Mumbai-based real estate construction company Capacit’e Infraprojects has filed initial papers with SEBI to raise ₹400 crore through an initial public offering. The issue will be on book-building basis, with the price band to be decided later.

The company will use the IPO proceeds for working capital requirements, purchase of capital assets (system form work) and for general corporate purposes, it said in the Draft Red Herring Prospectus (DRHP) filing.

Axis Capital, IIFL Holdings and Vivro Financial Services are the book-running lead managers to the issue and Karvy Computershare is the registrar.

Capacit’e Infraprojects’ order book position stood at ₹4,000 crore as of January 31, comprising 51 ongoing projects, and projects spread across Mumbai Metropolitan Region, National Capital Region, Pune, Hyderabad, Bengaluru, Chennai and Kochi.

The company’s consolidated revenue from operations grew to ₹853.29 crore in financial year 2016 and ₹847.37 crore for the nine months ended December 31, 2016, from ₹214.25 crore recorded in fiscal 2014.

Capacit’e Infraprojects’ clients include Oberoi Constructions, The Wadhwa Group, Saifee Burhani Upliftment Trust, Lodha Group, Godrej Properties and Prestige Estates Projects, among others.